Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on TNG LTD. We currently have 10 research reports from 2 professional analysts.
Frequency of research reports
Research reports on
VSA Morning Miner
20 Jun 16
TNG Limited (TNG AU) has announced an AU$4m placement led by SMS Group with a contribution of AU$1.5m which underpins the strong support that the group has provided for TNG to date. SMS had agreed to provide assistance with obtaining project financing primarily through Export Credit Agencies for the construction of the TIVAN refinery. Furthermore, SMS signed a binding agreement in May for the engineering, design and construction of the refinery.
TNG’s Metals of the Future get place in S&P Index
01 Jun 16
TNG’s progress towards production continues with two out of three product offtakes now in place, a binding agreement for the refinery design, potential for international processing plant sales or licensing, an MoU for mine/refinery building and mine operation, and recognition by S&P through its inclusion in the ASX All Ordinaries Index.
VSA Battery Market Recharge
23 Mar 16
Lithium stocks have doubled and doubled again over the past 18 months as reports of US$12,000/t lithium carbonate spot purchases have spread from China with demand growing strongly on the back of rising electric vehicle sales. Although the fundamentals of the lithium market remain attractive, in our view, we believe that stocks now appear expensive and we expect a correction following such a sharp rally. Valuations now reflect the upper end of spot price reports, however, the spot market reflects only a small portion of annual transactions and we expect annual pricing negotiations between the majors to result in more modest increases YoY to around US$8-9,000/t for lithium carbonate and US$9-10,000/t for lithium hydroxide in 2016. Furthermore, recent transactional activity demonstrates clearly the divergence between fair value and current market valuations.
VSA Morning Miner
02 Feb 16
TNG Limited (TNG AU) has signed a binding agreement with the German engineering firm SMS Group who will support the next phase for the TiVAN refinery. We believe that SMS’ continued involvement is positive since the group have already been heavily involved with the Mount Peake V-Ti-Fe project, in particular during the test work and optimisation phase of the TiVAN metallurgical process.
30 Nov 16
Abzena (ABZA): Interim results indicate happy customers (BUY) | Horizonte Minerals* (HZM): Fund raise completed (CORP) | SacOil* (SAC): Half-year trading statement (CORP) | Revolution Bars (RBG): New openings (BUY) | Amino Technologies* (AMO): Multi operator FUSION roll out (CORP)
Small Cap Breakfast
29 Nov 16
Asia Pacific Investment Partner - the research-driven emerging and frontier markets real estate development business intends to float on AIM and conduct a placing in December RM Secured Direct Lending - The secured direct lending fund intends to float on the Main Market on 15 December raising up to £100m Diversified Oil & Gas— Schedule One now out. $60m to be raised. Expected admission 6 December. Creo Medical Group —UK based medical device company focused on surgical endoscopy, a recent development in minimally invasive surgery. Admission due 7 December. Fundraising details TBA.
GTL transaction not going ahead
01 Dec 16
Intelligent Energy (IEH) has announced that the deal to acquire the Energy Management Business of GTL will not now be consummated. The move leaves management free to concentrate on driving sales of commercially ready B2B products, which is a key element of its strategy. We adjust our FY17e revenue estimate while leaving our pre-exceptional losses and cash-flow forecasts unchanged.
01 Nov 16
Since our last outlook note, Quadrise has begun to supply MSAR for extended LONO sea trials, paving the way for commercial adoption from calendar H217 onwards. In August it signed a memorandum of understanding with clients in the Kingdom of Saudi Arabia (KSA), which is a key enabler for progressing the production-to-combustion pilot there. In October it completed a placing and open offer raising a total of £5.25m (gross). This should enable it to transition comfortably to the commercial phase on successful completion of the LONO and KSA trials.
24 Nov 16
Quixant* (QXT): Gaming gains (CORP) | SCISYS* (SSY): Bringing good news from Germany (CORP) | Hayward Tyler Group*: Contract wins (CORP) | Sound Energy (SOU): TE-7 flow rate and fund raise (BUY) | Water Intelligence* (WATR): Growth and improving returns in a defensive market (CORP) | Imaginatik* (IMTK): Interim trading update (CORP)